1976

The launch of Saudi Economic and Development Company ( SEDCO ) founded by the late Sheikh Salem Ahmed Bin Mahfouz.

1983

Auto World was established in 1981.

1987

Almahmal opens door to first visitor. It has been a landmark of Al-balad in Jeddah until today.

1996

Establishment of Elaf Group in 1996.

2003

Acquires 50 percent ownership interest in Al-Nahdi pharmacy chain. Jumped from 100 pharmacies in 2003 to 1,000 branches in 2016

2004

Since 2004, the appointment of first Chief Executive officer from outside the family to promote the principles of corporate governance. The company still sustains this tradition.

2005

Acquisition of 21.3% of bank Muamalat Indonesia ( BMI ) in Indonesia, the largest Islamic bank in Indonesia.

2007-2008

Launching Red Sea Mall that includes the Headquarters of SEDCO Holding Group and the first hotel of Elaf Group in Jeddah.

2009

SEDCO Holding restructures, and launches SEDCO Development. The firm also obtains a CMA license to create asset manager SEDCO Capital.

2012

The Riyali financial literacy program launches, and is awarded the Makkah Excellence Award for Social Responsibility.